Options Market Statistics: Palantir's Momentum Hurt by Slowing Government Sales, Options Pop
News Highlights
$NVIDIA(NVDA.US$ shares rose by 0.27%, closing at $596.54. Its options trading volume is 1.21 million. Call contracts account for 63.0% of the whole trading volume. The most traded calls are contracts of $600 strike price that expire on January 26th. The total volume reaches 93,285 with an open interest of 19,639. The most traded puts are contracts of a $600 strike price that expires on January 26th; the volume is 31,248 contracts with an open interest of 1,427.
$Palantir(PLTR.US$ shares rose by 4.89%, closing at $17.6. Its options trading volume is 0.56 million. Call contracts account for 78.6% of the whole trading volume. The most traded calls are contracts of $19 strike price that expire on January 26th. The total volume reaches 38,767 with an open interest of 5,072. The most traded puts are contracts of a $17.5 strike price that expires on January 26th; the volume is 15,677 contracts with an open interest of 4,152.
Shares in Palantir Technologies popped Monday, briefly reclaiming the 50-day moving average for PLTR stock. Fourth quarter earnings for Palantir stock are due Feb. 5.
Meanwhile, the Wall Street Journal on Monday published an article on Palantir noting slowing government sales.
While we think the U.S. commercial business is showing momentum, a sluggish international commercial business coupled with a now-mature government business may make it difficult for the company to meet consensus expectations, which call for growth to accelerate in 2024 to 19% from 16.5% in 2023," said Morgan Stanley analyst Sanjit Singh in a report.
$SoFi Technologies(SOFI.US$ shares rose by 5.74%, closing at $7.92. Its options trading volume is 0.34 million. Call contracts account for 74.0% of the whole trading volume. The most traded calls are contracts of $8 strike price that expire on January 26th. The total volume reaches 30,414 with an open interest of 11,474. The most traded puts are contracts of a $7.5 strike price that expires on January 26th; the volume is 13,272 contracts with an open interest of 7,038.
Unusual Stock Options Activity
Some notable call activity is being seen in $Canada Goose(GOOS.US$, which is primarily being driven by activity on the 2-Feb-2024 call. Volume on this contract is 10,813 versus open interest of 102.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, CNBC
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